You served your country.
Now let your benefits serve you.
A VA loan is a home mortgage backed by the U.S. Department of Veterans Affairs, available exclusively to eligible veterans, active-duty service members, and surviving spouses. VA loans come with benefits you simply won't find anywhere else: no down payment required, no private mortgage insurance, and some of the most competitive interest rates on the market. If you've served, this loan was made for you.
Benefits that set VA loans apart
VA loans aren't just good — they're genuinely unlike any other mortgage product available. Here's what makes them special.
No down payment
No need to spend years saving up a large lump sum before you can buy.
No PMI required
Most loans with less than 20% down require private mortgage insurance. VA loans don't — saving you hundreds per month.
Competitive rates
Because VA loans are government-backed, lenders can offer lower interest rates than most conventional loans.
Flexible credit requirements
VA loans are more forgiving on credit scores than conventional loans, making homeownership more accessible.
No prepayment penalty
Pay off your loan early or make extra payments whenever you want — no fees or penalties involved.
Reusable benefit
Your VA loan benefit doesn't expire and can be used more than once — even if you've used it before.
Who is eligible for a VA loan?
VA loans are available to those who have served or are currently serving. Here's a quick overview of who typically qualifies.
Veterans
Those who served and were discharged under conditions other than dishonorable, meeting minimum service length requirements.
Active duty service members
Currently serving members of the Army, Navy, Air Force, Marine Corps, or Coast Guard who meet service requirements.
National Guard & Reservists
Members with at least 6 years of service or those activated under federal orders may qualify.
Surviving spouses
Un-remarried surviving spouses of service members who died in the line of duty or from a service-related disability.
You've earned this benefit.
Let's put it to work for you.
Our online mortgage application is fast and simple. Answer a few questions, and we can show you the rates and loan options you qualify for.
Questions? Contact our mortgage team at 405-685-6200 x660, or mortgage@usecreditunion.org
Do I really not need a down payment with a VA Loan?
That's correct — eligible borrowers can purchase a home with zero down payment on a VA loan. This is one of the few mortgage programs in the country that offers 100% financing. You will still need to cover closing costs, though in some cases those can be negotiated with the seller or rolled into the loan. Your loan advisor can walk you through what to expect at closing.
What is the VA funding fee and do I have to pay it?
The VA funding fee is a one-time fee paid to the Department of Veterans Affairs that helps keep the program running for future generations of service members. The amount varies based on your down payment, loan type, and whether it's your first time using the benefit. The good news: the fee can be rolled into your loan so you don't have to pay it out of pocket. And some veterans — including those receiving VA disability compensation — are exempt from paying it entirely.
How do I prove my eligibility for a VA loan?
You'll need a Certificate of Eligibility (COE) from the VA, which confirms you meet the service requirements for the program. In many cases, your lender can request this on your behalf directly through the VA's system — so you don't have to track it down yourself. You'll typically also need your DD-214 discharge papers if you're a veteran, or a statement of service if you're currently active duty.
Can I use a VA loan more than once?
Yes — your VA loan benefit never expires and can be used multiple times. If you've paid off a previous VA loan and sold the property, your full entitlement is restored and you can use it again. It's even possible in some cases to have two VA loans at the same time, depending on your remaining entitlement. A VA-experienced loan advisor can review your entitlement status and walk you through your options.